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132nd MAINE LEGISLATURE |
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LD 2208 |
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LR 2772(02) |
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An Act to Offset
Federal Cuts to Health Insurance for Certain Maine Families and Seniors |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Health Coverage, Insurance and
Financial Services |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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FY 2025-26 |
FY 2026-27 |
Projections FY 2027-28 |
Projections FY 2028-29 |
| Net Cost
(Savings) |
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General Fund |
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$0 |
$220,300,000 |
$40,000,000 |
$40,000,000 |
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| Appropriations/Allocations |
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General Fund |
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$0 |
$220,300,000 |
$40,000,000 |
$40,000,000 |
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| Fiscal Detail
and Notes |
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The bill includes
General Fund appropriations to the Department of Administrative and Financial
Services of $40,000,000 in fiscal year 2026-27 to be distributed to the Maine
Guaranteed Access Reinsurance Association.
This bill also includes a one-time General Fund appropriation to the
Department of Health and Human Services of $180,300,000 in fiscal year
2026-27 to implement the provisions of the bill.
The Department of Health and Human Services has estimated that $150,000,000
would be required to completely restore the loss of federal subsidies. |
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